Zara Founder Bought $740 Million To Become Amazon Landlord.

The world's largest clothing retailer, Inditex SA (ITX.MC), founder of Indo Textile Group, Europe's second richest Amancio Ortega Oman Theo Ortega again bought the property.

This Thursday, Amancio Ortega controlled real estate investment company Pontegadea Inmobiliaria SL's Miami subsidiary Ponte Gadea acquired two Troy Troy offices in Seattle, and the tenant of the property is the world's largest online retailer Amazon Inc. (Block) Amazon. The paction price is alleged to be $740 million, and the seller is the company.

The above paction is the largest paction in Seattle's real estate industry since 2012, when Amazon bought 1 billion 150 million South Lake Union for several properties.

The total area of 800 thousand square feet of Troy Block began operation in 2016, the first level is Amazon Go entity store and FareStart 's Maslow' s and Cascade Coffee Works.

The property's predecessor was Troy Laundry. In 2011, developer Touchstone bought it from the Seattle times for $18 million 400 thousand and then developed it.

Amancio Ortega is currently earning $67 billion 200 million in fortune sixth in the Forbes real time rich list. Because of its low share price of its family controlled Indo Textile Group, in Europe, it has given way to Bernard Arnault Bernard Arnott, a French magnate. The LVMH Mo Mo t Hennessy Louis Vuitton SE (Vuitton) Lu Wei Ming Xuan, which controls the luxury rebound in the second half of 2016, has surged, and its wealth in Forbes's real time rich list has reached 76 billion dollars, second only to those of Geoff, Bezos, J.

Amancio Ortega's main wealth came from Indo Textile Group's high dividend. In 2017, he received nearly 1 billion 400 million euros from the Spanish clothing giant.

In the 2017 fiscal year, Indo textile group sent a dividend of more than 2 billion 300 million euros, of which the average dividend of 0.375 euros per share was paid in May 2018. In November 2nd, a special dividend of 0.165 euros per share and a special dividend of 0.210 euros per share and a final dividend of 0.375 euros per share were also issued.

Through PontegadeaInversiones SL and Partler 2006 SL, two holding companies holding Amancio shares of 59.294% of the Indo textile group received a dividend of 1 billion 386 million euros, an increase of 10.4% over the 1 billion 256 million euros in 2016 fiscal year.

Pontegadea Inversiones SL controls 50.01% of the shares held by its Gartler SL.

According to the official website of Inditex SA Indo Textile Group, Amancio Ortega's wife P P rez is the legal representative of the two companies, and also serves as the representative of Pontegadea InversionesSL as the director of the Inditex SA Indo textile group.

After Amancio Ortega ex-wife Rosal a Mera died in 2013, their daughter Sandra Ortega inherited a lot of shares. In fiscal year 2017, she got a dividend of more than 118 million euros in 5.053% share.

3 the annual report shows that Indo textile group sent 0.88 Euro annual dividend in 2018, which means that Amancio Ortega can send 813 million euros in April 30th and November 1st respectively, with a total dividend of 1 billion 626 million euros.

Income outside dividend is derived from the property invested by Amancio Ortega.

Spaniard is the most successful real estate investor in the clothing industry and the largest stealth real estate tycoon in the world. The fair value of its investments continues to rise. It also receives huge rental returns from the shops and competitors set up by them.

For example, in 2015, Amancio Ortega purchased the property of the London Oxford Street east section 26-48 of the Oxford Oxford Street and the 400 million Gran (Via) market acquired acquisition of the Gran Via 32 property, which was leased to the British parity fashion retailer Primark to set up the largest flagship store in the region. In addition, the Gran Via 32 was also the seat of H&M, Mango and H&M and its sister brand store.

In August 2018, the Adelphi building of London CoventGarden, which was purchased from Blackstone Group of Blackstone Group LP (550 million pounds), has a 14 thousand and 400 square meter office area. The building is the regional headquarters of The Economist (Economist), Conde Nast Kangtai Nash, Shiseido Shiseido (Shiseido), and Shiseido.

Market estimates Amancio Ortega property investment Admiral Company Pontegadea Inversiones SL has assets worth 9 billion euros, Amancio Ortega's investment in London, New York, Madrid and Seoul and other high-end international gold business lots, of which Lun don's property assets total value exceeds 2 billion 100 million euros, Spain also reached 1 billion 600 million euros.

In the 2017 fiscal year, the profit of Pontegadea Inversiones SL decreased by 13% to 1 billion 475 million euros, mainly due to the donation of 350 million euros from the Amancio Ortega charity foundation Amancio Ortega Foundation.

The shareholders of Pontegadea Inversiones SL include Amancio Ortega's current wife Flora P e rez and her children MartaOrtega, Sandra Ortega and MartaOrtega. She is personally the chairman of the company.

In December 2017, Amancio Ortega, 83, dismounted the duties of 53 subsidiary companies of Inditex SA Indo Textile Group (covering Bershka, Lefties, Oysho, Pull & Bear, Stradivarius, TempeDise n, Bershka, brand, and business).

He handed over the title of chairman and chief executive to PabloIsla in 2011.